Moulishree Srivastava

The funding in local AI startups has more than doubled to USD 654 million in 2021 from USD 283 million in 2020, as per the data collated by Venture Intelligence.

With the new funding rounds, Swiggy will sharpen the focus on quick commerce, while Ola Electric will ramp up the production of its two-wheeler EVs.

Huddle’s Sanil Sachar believes that many enabler solutions will emerge in 2022 and 2023.

The percentage of growth and late-stage companies focusing on profitability rather than growth has come down to 14% in 2022 from almost 35% in 2021.

The development comes barely a week after a dozen edtech firms came together to create and adopt a self-regulatory code of conduct.

India added the most unicorns in the fintech sector last year, followed by e-commerce, SaaS, and health-tech.

India is creating a regulatory framework for online education companies to prevent a monopoly and the exploitation of students.

Between 2016 and 2021, local fintech firms raised over USD 16.5 billion, of which 60% of the capital flowed in the last three years.